Wednesday, June 13, 2018

BOMBER TRUMP COULD STOP THE COMING JOBS APOCALYPSE WITH JFK-STYLE INVESTMENT TAX CREDIT

We'll soon find out if Bomber Trump really does love America, but I have little confidence when he hires cheap foreign labour at Mar-a-Lago and Trump Winery, and has for years encouraged his daughter Ivanka to, like him, use cheap Communist Chinese sweatshop labour to make dreses, skirts, shoes, etc., for her fashion business.

Over 70 million jobs for low-skilled Americans could be lost to automation. And there is no planning to help those affected. Result? Riots. Starvation. Destitution. Death.

How could Bomber Trump stop this apocalypse? With a JFK-style investment tax credit which was only given if it was shown that jobs for humans were being created.

To sum up, the coming jobs apocalypse driven by debt, demographics, and automation could displace tens of millions of bottom-tier jobs. In return, this transition could trigger significant economic disruptions, which could only accelerate into the 2020s. The magnitude of today’s workforce shift is expected to match that of the automation of agriculture from 1900 to 1940. The automation of farming transformed America’s economy and severely disrupted labor markets, ultimately climaxing into the Great Depression and subsequent world war.


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